Sovereign Gold Bond 2020-21: resident investors face per category limits, semiannual interest, eight year maturity, and nomination rules. Sovereign Gold Bond 2020-21 limits eligible investors to resident Indian entities, sets subscription caps (minimum 1 gram; maximum 4 kg per annum for ... Summary
Sovereign Gold Bond 2020-21: resident investors face per category limits, semiannual interest, eight year maturity, and nomination rules.
Sovereign Gold Bond 2020-21 limits eligible investors to resident Indian entities, sets subscription caps (minimum 1 gram; maximum 4 kg per annum for individuals/HUFs; 20 kg for trusts), issues bonds in demat or physical form, pays interest semi annually to the nominated bank or demat-linked account, provides an eight year maturity with premature redemption available on coupon dates after year five, permits creation of security interests in favour of banks, and prescribes application, nomination and complaint procedures including five day repayment entitlement for early redemption.
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